U.S. home prices rose 1.4 percent for the quarter ending Nov. 27, 2009, according to Clear Capital, a real estate asset valuation firm. All four regions of the country posted modest gains — 2.3 percent in the Midwest, 1.5 percent in the West, 1.0 percent in the South and 0.9 percent in the Northeast.
Detroit and Cleveland led the country with the highest quarterly home price gains at 14.1 percent and 12.8 percent, respectively. Meanwhile, home price increases of 13.4 percent over the past two rolling quarters in Atlanta indicate that prices may have bottomed out in that metro area.
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